Isolo Power Gen Limited has secured approval to develop a 9MW embedded power generation project in Lagos State under the latest licensing round issued by the Lagos State Electricity Regulatory Commission (LASERC).
The company is one of 14 licensees recently approved by LASERC, but the only operator cleared under the embedded generation category for a 9MW project in this round.
The facility will serve Isolo and the surrounding areas, supporting Lagos State’s ongoing push to decentralise electricity supply and improve power reliability across industrial and residential corridors.
If completed, residents in the surrounding areas could enjoy 24/7 power.
What they are saying
Isolo Power Gen will develop the 9MW embedded generation facility along 110/114 Apapa-Oshodi Expressway, Isolo, Lagos.
- The project is structured under an embedded generation model, allowing electricity to be generated and supplied directly within a local distribution network to improve reliability for host communities.
- The project will operate at 9MW capacity under an embedded generation framework.
- It is designed to supply Isolo and adjoining areas through a localized distribution system.
Ownership includes Westfield Assets Limited (British Virgin Islands), Camara Exim Limited (British Virgin Islands), Chellarams Plc, and Suresh Chellaram.
More insights
A Nairametrics review of LASERC documents shows about 40 additional applications are still undergoing approval processes across embedded generation, captive power, and mini-grid categories.
Notable pending embedded generation projects include:
- Alaro Power Free Zone Enterprise – 10MW (Epe)
- Takwa Bay Green Power Free Zone Enterprise – 24MW (Apapa)
- Geogrid Lightech Ltd – 30MW (Agidingbi)
- Irele Energy LFZ Enterprise – 50MW (Ibeju-Lekki)
The pipeline highlights growing investor interest in decentralised power solutions, particularly for industrial clusters across Lagos.
What you should know
The Lagos State Electricity Regulatory Commission (LASERC) was established following the Lagos Electricity Bill 2024, which replaced the 2018 power sector reform law and created an independent state electricity market.
In March 2026, Governor Babajide Sanwo-Olu inaugurated the LASERC board, formally activating regulatory oversight of generation, distribution, and tariffs in the state.
- The framework follows the 2023 constitutional electricity reform that granted states authority to regulate and operate their own electricity markets.
- Supporting institutions created under the reform include the Lagos State Electrification Agency, Lagos Electrification Fund, Independent System Operator, and a Power Enforcement Unit.
Separately, Lagos recently signed Power Purchase Agreements with multiple private developers to scale generation capacity from below 60MW to between 200MW and 400MW, while shifting toward metered delivery models and dual power systems for critical infrastructure.
